Hunting (LON:HTG) Earns Buy Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Hunting (LON:HTG - Free Report) in a research report released on Thursday, Marketbeat Ratings reports. Jefferies Financial Group currently has a GBX 400 ($4.98) target price on the stock.

Several other research analysts have also weighed in on the stock. Berenberg Bank increased their target price on shares of Hunting from GBX 345 ($4.29) to GBX 365 ($4.54) and gave the stock a buy rating in a research note on Wednesday, January 10th. Canaccord Genuity Group increased their target price on shares of Hunting from GBX 400 ($4.98) to GBX 450 ($5.60) and gave the stock a buy rating in a research note on Friday, March 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and an average price target of GBX 407 ($5.07).

Hunting Trading Down 0.4 %

Hunting stock traded down GBX 1.50 ($0.02) during midday trading on Thursday, hitting GBX 354 ($4.41). 156,432 shares of the stock were exchanged, compared to its average volume of 501,279. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 8.24. The stock has a market capitalization of £583.89 million, a price-to-earnings ratio of 643.64, a PEG ratio of 1.06 and a beta of 1.10. The stock's 50-day simple moving average is GBX 320.62 and its 200 day simple moving average is GBX 299.30. Hunting has a fifty-two week low of GBX 190 ($2.37) and a fifty-two week high of GBX 369.50 ($4.60).

Hunting Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 11th will be paid a $0.05 dividend. This represents a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, April 11th. Hunting's payout ratio is 1,454.55%.

Insider Activity

In related news, insider Bruce Ferguson sold 28,960 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 303 ($3.77), for a total value of £87,748.80 ($109,235.40). Insiders own 7.40% of the company's stock.

Hunting Company Profile

Hunting PLC, together with its subsidiaries, manufactures components, technology systems, and precision parts worldwide. It operates in five segments: Hunting Titan; North America; Subsea Technologies; EMEA; and Asia Pacific. The company designs and manufactures perforating systems, energetics, instrumentation, and associated hardware; connection technology and OCTG; subsea technologies; supplies highly engineered tubular components, hollow rotating shafts, very accurate deep hole drilling, plus complex turned, and milled profiles; well intervention equipment; and well test and process systems.